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2480 Silver Lake Blvd, Los Angeles, CA 90039
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2480 Silver Lake Blvd Los Angeles, CA 90039

$880,000 Sold Price as of 10/14/2020
  • 3 Beds
  • 2 Baths
  • -- Sq.Ft.
Sold
$880,000 Sold Price as of 10/14/2020 Refinance Your Mortgage
Map preview of 2480 Silver Lake Blvd, Los Angeles, CA 90039

Property Overview: 2480 Silver Lake Blvd Los Angeles, CA has 3 bedrooms, 2 bathrooms, -- living square feet and 3,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2-on-a-lot, Spanish style. Walk to Whole Foods 365, Silverlake Wine, CVS, Gingergrass, Starbucks, Red Lion Tavern, Petco, library, and more. Easy access to 5 and 2 Freeways, Los Feliz, Hollywood, DTLA, Glendale/Burbank. Front unit: 1+1, approx. 600 SF, will be delivered vacant. Back unit: 2+den+1, approx. 900 SF, tenant's lease exp. Apr 2021. Gross annual income $57,600 (market rent, tenants never lapsed in payments). 5% Cap Rate. 15.63 GRM. Investors, these are incredible numbers for prime Silver Lake. This property is also great for owner/user. Each unit has laundry room & 1-car garage. Front unit has a spacious patio that sits above both garages with hillside view. Back unit has a back patio with planting area. Beautiful giant bird of paradise, bougainvillea, & a prolific Meyer lemon tree add to the pride of ownership. Property is completely private and has pedestrian gate from sidewalk . Virtual tour link takes you inside front unit. Click orange dot on TV screen to go to rear unit

Listed by Suzanne Chai | BRE #01923205 | Compass
Last checked: 3 minutes ago | Last updated: June 28th, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
3,000
HOA Dues
$0/mo
Year built
1929
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
20616226
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $24,000
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $33,600
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.63
  • Gross Scheduled Income: --
  • Net Operating Income: $44,900
  • Gross Operating Income: $57,600
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 2480 Silver Lake Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Stackable, Individual Room
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Hills
  • Total # of Units: 2
  • Parcel Number: 5440011016
  • Architectural Style: Spanish
  • Foundation Details: Raised
Location / Neighborhood
Location Information
  • Directions: East of Glendale Blvd. South of Fletcher Dr.
View more facts & features

Local Los Angeles Agent

Sale History for 2480 Silver Lake Blvd

Last sold for $880,000 on October 14th, 2020

  • October, 2020

  • Oct 16, 2020

    Date

    Sold

    CRMLS: 20616226

    $880,000

    Price

  • Oct 8, 2020

    Date

    Pending

    CRMLS: 20616226

    $899,000

    Price

  • Sep 8, 2020

    Date

    Active Under Contract

    CRMLS: 20616226

    $899,000

    Price

  • Aug 10, 2020

    Date

    Active

    CRMLS: 20616226

    $899,000

    Price

  • October, 2020

  • Oct 14, 2020

    Date

    Sold (Public Records)

    Public Records

    $880,000

    Price

  • October, 2006

  • Oct 11, 2006

    Date

    Sold (Public Records)

    Public Records

    $720,000

    Price

Show More

Tax History for 2480 Silver Lake Blvd

Assessed Value (2020): $882,036
Year Land Value Improved Value Assessed Value
2020 $735,035 $147,001 $882,036

Home Value Compared to the Market

This property vs the competition

2480 Silver Lake Blvd sold on October 14, 2020 for 19.73% lower than the current median sold price for the city of Los Angeles which is $1,120,000.

About 2480 Silver Lake Blvd

Detailed summary of property

2480 Silver Lake Blvd is a multi family that recently sold in Los Angeles, CA 90039. This multi family property offered 3 bedrooms, 2 bathrooms, roughly -- living square feet, and sits on an approximately 3,000 square foot lot. 2480 Silver Lake Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $880,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 19.73% lower than the current median priced home. Local homes that are currently for sale include 200 N Reno St, 1571 Council St and 2620 Idell St. While the average home in Los Angeles, CA is selling in 106 days, 2480 Silver Lake Blvd has a days on market of 23 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2480 Silver Lake Blvd Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2480 Silver Lake Blvd

Public county record property details
Beds
2
Baths
2
Year built
1929
Sq. Ft.
1,198
Lot Size
3,000
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
215
APN
5440-011-016

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,688,880
Median List Price/Sq.Ft.
$942
Median Sold Price
$1,059,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
61
Median Sale to List Price %
96.36%
Avg Days on Market
19
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (7.69%), Other (30.77%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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